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Have synergies to have collab with EuYanSang perhaps?
gd luck dyodd
Joelton ( Date: 24-Dec-2021 09:30) Posted:
Lew Syn Pau steps down as SUTL chairman, Richard Eu to be appointed ID
SUTL Enterprise' s board will see some changes in the new year, with non-executive chairman Lew Syn Pau stepping down on Dec 31 and Eu Yan Sang' s Richard Eu joining as an independent director.
Lew has been on the marina developer' s board for more than 9 years. He is stepping down to allow for a board refresh and renewal, SUTL said in a bourse filing on Thursday (Dec 23).
On top of being non-executive chairman, Lew was the chairman of the board' s remuneration and audit committee, as well as a member of the nominating committee. He has been an independent director of SUTL since April 2000.
Lew, who is also the non-executive chairman of Broadway Industrial Group, holds independent director roles at Sinarmas Land, Golden Energy and Resources, and Golden Agri-Resources. He was a Member of Parliament from 1988 to 2001.
Incoming independent director Richard Eu will join SUTL' s board on Dec 31. Eu is the group chairman of Eu Yan Sang International - a Singapore healthcare company specialising in traditional Chinese medicine.
He was recommended and accepted by SUTL' s board through internal nomination and assessment, the group said.
Eu is also an independent director at Broadway Industrial and Tuan Sing. He stepped down as Eu Yang Sang International' s chief executive officer in 2017 after a 10-year search for a successor.
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Lew Syn Pau steps down as SUTL chairman, Richard Eu to be appointed ID
SUTL Enterprise' s board will see some changes in the new year, with non-executive chairman Lew Syn Pau stepping down on Dec 31 and Eu Yan Sang' s Richard Eu joining as an independent director.
Lew has been on the marina developer' s board for more than 9 years. He is stepping down to allow for a board refresh and renewal, SUTL said in a bourse filing on Thursday (Dec 23).
On top of being non-executive chairman, Lew was the chairman of the board' s remuneration and audit committee, as well as a member of the nominating committee. He has been an independent director of SUTL since April 2000.
Lew, who is also the non-executive chairman of Broadway Industrial Group, holds independent director roles at Sinarmas Land, Golden Energy and Resources, and Golden Agri-Resources. He was a Member of Parliament from 1988 to 2001.
Incoming independent director Richard Eu will join SUTL' s board on Dec 31. Eu is the group chairman of Eu Yan Sang International - a Singapore healthcare company specialising in traditional Chinese medicine.
He was recommended and accepted by SUTL' s board through internal nomination and assessment, the group said.
Eu is also an independent director at Broadway Industrial and Tuan Sing. He stepped down as Eu Yang Sang International' s chief executive officer in 2017 after a 10-year search for a successor.
Last:0.58 
+0.085
10c divy is 17% div yield! Wow
shares must be undervalued
gd luck dyoddPhillipTan ( Date: 10-Aug-2021 12:04) Posted:
SUTL sees 84% surge in earnings for 1H21, declares special dividend of 10 cents per share
SUTL Enterprise, the developer and operator of marinas, reported earnings of $2.6 million for the 1HFY2021 ended June, an increase of 84% from the previous year.
This translates to earnings per share (EPS) of 3 cents, compared to 1.62 cents the previous year.
The board of directors has declared a special dividend of 10 cents per share.
The higher earnings follow higher revenue for the period, which grew 20% y-o-y to $16.1 million on the back of the recovery from the Covid-19 pandemic which had impacted operations.
According to SUTL, the topline improvement in the first half of the financial was driven mainly by a 38% y-o-y increase in revenue from its Sales of Goods and Services segment to $10.3 million as the Group' s restaurant, chartering, room and marina operations all recorded higher income following resumption of lifestyle activities albeit in accordance with Covid-19 restrictions.
The group' s Membership Related Fees and Management Fees segment also registered an 18% y-o-y uptick in revenue to $5.4 million because of a higher number of membership transfers and also due to the absence of F& B credits given to members as rebates for membership subscriptions in the 1H2020.
As at 30 June, SUTL Enterprise had cash and cash equivalents of $48.6 million.
" Being in the lifestyle and hospitality business, we continue to be affected by restrictions brought on by the ongoing Covid-19 situation, which have prevented us from resuming full operations. However, we are optimistic that the vaccination programme being carried out locally will soon gain traction so that Singaporeans can once again enjoy their leisure activities. To drive revenue locally, we roll out regular marketing and promotional activities particularly for F& B and ONE° 15 merchandise as well as stay-cations and sea-cations on bought yacht charters," says Arthur Tay, enterprise executive director and CEO of SUTL.
" Regionally, many countries are still grappling with high numbers of Covid-19 cases and as such, we expect delays in the construction of some third-party marinas under our management as well as the development and membership sales of our jointly-owned ONE° 15 Marina Puteri Harbour Malaysia. We will monitor the situation in each market closely and act quickly to respond to changes," he adds.
At at 10.45am, shares in SUTL are trading up 9 cents or 18.2% higher at 58.5 cents.
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SUTL sees 84% surge in earnings for 1H21, declares special dividend of 10 cents per share
SUTL Enterprise, the developer and operator of marinas, reported earnings of $2.6 million for the 1HFY2021 ended June, an increase of 84% from the previous year.
This translates to earnings per share (EPS) of 3 cents, compared to 1.62 cents the previous year.
The board of directors has declared a special dividend of 10 cents per share.
The higher earnings follow higher revenue for the period, which grew 20% y-o-y to $16.1 million on the back of the recovery from the Covid-19 pandemic which had impacted operations.
According to SUTL, the topline improvement in the first half of the financial was driven mainly by a 38% y-o-y increase in revenue from its Sales of Goods and Services segment to $10.3 million as the Group' s restaurant, chartering, room and marina operations all recorded higher income following resumption of lifestyle activities albeit in accordance with Covid-19 restrictions.
The group' s Membership Related Fees and Management Fees segment also registered an 18% y-o-y uptick in revenue to $5.4 million because of a higher number of membership transfers and also due to the absence of F& B credits given to members as rebates for membership subscriptions in the 1H2020.
As at 30 June, SUTL Enterprise had cash and cash equivalents of $48.6 million.
" Being in the lifestyle and hospitality business, we continue to be affected by restrictions brought on by the ongoing Covid-19 situation, which have prevented us from resuming full operations. However, we are optimistic that the vaccination programme being carried out locally will soon gain traction so that Singaporeans can once again enjoy their leisure activities. To drive revenue locally, we roll out regular marketing and promotional activities particularly for F& B and ONE° 15 merchandise as well as stay-cations and sea-cations on bought yacht charters," says Arthur Tay, enterprise executive director and CEO of SUTL.
" Regionally, many countries are still grappling with high numbers of Covid-19 cases and as such, we expect delays in the construction of some third-party marinas under our management as well as the development and membership sales of our jointly-owned ONE° 15 Marina Puteri Harbour Malaysia. We will monitor the situation in each market closely and act quickly to respond to changes," he adds.
At at 10.45am, shares in SUTL are trading up 9 cents or 18.2% higher at 58.5 cents.
Still waiting for this launch of membership, guess may drive up the interest of this stock:-
http://one15marina.com/puterihabour/
Sleep again...
Suddenly waking up ??
[Start of a Marina Boom in Indonesia?]
SUTL Enterprise Limited (&ldquo SUTL Enterprise&rdquo or the &ldquo Group&rdquo ), a leading integrated marina developer, operator, and consultant and owner of the ONE° 15 brand, has signed a Memorandum of Understanding (&ldquo MOU&rdquo ) to provide integrated marina consultancy services to PT Pelindo Properti Indonesia (&ldquo PT PPI&rdquo ) on a marina project in Boom Banyuwangi in East Java, Indonesia, which is currently under construction.
SUTL Enterprise will be involved in the master planning of the marina zone, where a luxury resort marina will be developed to include a marina with around 185 berths, a clubhouse and hotel with related amenities, dry berths and a repair and maintenance area. Of the 185 berths, 35 berths will be designated for a private luxury marina and the rest for a public marina. The private marina is expected to be completed by 31 December 2017 and the public marina by 2018.
- DYODD -
http://infopub.sgx.com/FileOpen/SUTL%20Enterprise%20inks%20MOU%20to%20consult%20on%20East%20Java%20marina%20Final.ashx?App=Announcement& FileID=457449
3.74m of married trade done @ 13:36:54
SUTL Global Pte Ltd 54.81%
Maybank Kim Eng Securities 5.9%
Last:0.875 Vol:209k 
+0.055
sign that selling is over with the jump in prices.
continue to monitor
Gd luck dyodd
5.5c jump today. Hope it has consolidated enough for the next run up before X Date for Divi
Married deal at $91c 400 lots. more action to come? up 3.5c
Hi !bro, ozone... Was out of market for quite awhile...good to know many folks are still active in the market... Well like vic n u said....mr. Tay is a businessman n out to make $$$... I ' m sure it will go pass his initial input...but we didn' t know over the yrs ..how low has he average down Liao..hope he will push it above 1.10 with all news coming in it it projects that mentioned in the forum.
ozone2002 ( Date: 21-Mar-2017 23:04) Posted:
Hi Law,
Long time no hear. $1.01 today breached the $1 mark.
Just like what Victorian commented, I have the same sentiment that Arthur Tay will definitely want to
Reap the rewards of his investment.
Gd luck n DYODD
lawcheemeng ( Date: 20-Mar-2017 20:43) Posted:
100 cts......very near....very very near?
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Hi Law,
Long time no hear. $1.01 today breached the $1 mark.
Just like what Victorian commented, I have the same sentiment that Arthur Tay will definitely want to
Reap the rewards of his investment.
Gd luck n DYODD
lawcheemeng ( Date: 20-Mar-2017 20:43) Posted:
100 cts......very near....very very near?
ozone2002 ( Date: 20-Mar-2017 20:18) Posted:
Last:0.895 Vol:594k +0.05
nice move..keep gg
gd luck DYODD
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lol Chee men,g let' s put it this way... Mr Arthur Tay has also equally waited for a long time and invested quite a fair bit of $$. Time for him to recover his investment too?
lawcheemeng ( Date: 21-Mar-2017 17:39) Posted:
Worth the long wait?
victorian2 ( Date: 21-Mar-2017 17:12) Posted:
Amazing.... up 7.5c closing.
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Worth the long wait?
victorian2 ( Date: 21-Mar-2017 17:12) Posted:
Amazing.... up 7.5c closing.
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Amazing.... up 7.5c closing.
I meant I don' t think $1 is their target price. it' s definitely beyond that in the next few months. Hopefully $1.2 before AGM.
700 lots was done in 2 sweeps up to $1 in two buy up trades. before they let it retrace back to current price of 94-95c. That' s some serious collection. Didn' t expect to see it so fast and furious this morning.
lawcheemeng ( Date: 21-Mar-2017 10:38) Posted:
looks like someone can' t wait liao...fast n furious....don' t think can hold at that price?
victorian2 ( Date: 20-Mar-2017 22:28) Posted:
I don' t think $1 is the target price over the next few months... I would like to see their 1st q numbers. Think their forward Pnl is looking very solid esp when they start selling memberships in New York at $25k per membership.
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looks like someone can' t wait liao...fast n furious....don' t think can hold at that price?
victorian2 ( Date: 20-Mar-2017 22:28) Posted:
I don' t think $1 is the target price over the next few months... I would like to see their 1st q numbers. Think their forward Pnl is looking very solid esp when they start selling memberships in New York at $25k per membership.
lawcheemeng ( Date: 20-Mar-2017 20:43) Posted:
100 cts......very near....very very near?
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I don' t think $1 is the target price over the next few months... I would like to see their 1st q numbers. Think their forward Pnl is looking very solid esp when they start selling memberships in New York at $25k per membership.
lawcheemeng ( Date: 20-Mar-2017 20:43) Posted:
100 cts......very near....very very near?
ozone2002 ( Date: 20-Mar-2017 20:18) Posted:
Last:0.895 Vol:594k +0.05
nice move..keep gg
gd luck DYODD
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